Loomis closes deal on Canadian precious metal storage expansion

Loomis International Canada has closed on an asset deal agreement to acquire IDS Toronto based metal storage business.

“This asset acquisition is part of our strategic plan and shows Loomis’ commitment to the Canadian market. The acquisition will strengthen our local presence in Toronto, and increase our capacity to offer premier service and quality to the depository service and storage clients,” says Björn Züger, President and CEO of Loomis US.  

Loomis welcomes the new team members and current customers. Loomis will continue to safeguard precious metal assets in a high-secure facility for clients and offer a marketplace for buyers and sellers. 

“This gives Loomis International the ideal opportunity to expand its current business lines within the Canadian Storage and Order Fulfillment Markets. We look forward to Loomis International having a stronger presence in Toronto and it starts here,” says Stephan Kazes, Head of Loomis International and RVP of Loomis UK.

Current contracts, storage assets and services will be managed by Loomis International at closing.  We look forward to service and to support your business and depository growth in Canada.